Potential Partnership Structure

[Brandon Ribeiro]

So, I may have found myself a financial partner. Basically, he has all the money, and I have all the time.

He currently owns 18 properties and is a Doctor, with very little free time.

Basically, I proposed to him that we could start out with a small, cheap flip- where I would find the deal, off market or on market (I am a full time realtor) and I would manage the entire flip from beginning to end, then could list the property since I am a realtor too. We would be looking in the Philly market.

How would you recommend structuring this partnership?

[Brandon Ribeiro]

@Miller McSwain I agree. He proposed the idea of structuring it so that he gets 10% return on his total investment since he will be funding the entire deal- then we split the profits 50-50